Re: [OPE-L] That hissing? It's the sound of bubblenomics deflating

From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Thu Oct 11 2007 - 07:20:08 EDT

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Marx's money capital was a commodity - gold.
This embodied labour. It was quite different from what Jurrian is
categorising as capital.
In Marx's presentation to be capital something had first to be a
commodity. A commodity must have a physical use value and also contain
labour.

-----Original Message-----
From: OPE-L [mailto:OPE-L@SUS.CSUCHICO.EDU] On Behalf Of glevy@PRATT.EDU
Sent: 11 October 2007 02:32
To: OPE-L@SUS.CSUCHICO.EDU
Subject: Re: [OPE-L] That hissing? It's the sound of bubblenomics
deflating

Hi Paul C:

Jurriaan has claimed that bonds represent a form of capital and you
claim
that this is not the case but rather that it expresses only the "surface
appearance" of the matter.  My question to you is: is what Marx refers
to
as "money capital" actually capital from your perspective or does that
also only represent a "surface appearance"?

In solidarity, Jerry

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